Synapse Developer Hub

Welcome to the Synapse Developer Hub. Here you will find comprehensive guides and documentation to help you start working with the Synapse API as quickly as possible. If you need any assistance, we are always here to help!

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Custody Account Intro

With our custody product, platforms can issue accounts on behalf of users, where funds are held by a third party trustee. These accounts are denoted as CUSTODY-US in our system.

Custody accounts are a great choice for platforms that want to avoid being in the flow of funds. These accounts are similar to a clearing account but allow you to ledger fund ownership. These accounts are also great for platforms attempting crowdfunding, or those that want to develop a custom escrow account. Custody accounts are also fully insured by FDIC up to $250,000.

Unlike Deposit accounts, custody accounts also have light-weight KYC requirements similar to that of subaccounts (within a platform's FBO account). KYC can vary based on use case, but the minimum KYC requirements include the following: